GBP/USD – Bounce to 1.6330? by Milan Cutkovic

I’m not looking to fight the USD uptrend, but I think that we’ll see some position covering ahead of NFP and I like being long the Pound the most, given that the fundamentals are still supporting the overall GBP-positive bias. I have bought some in the 1.6220s with a stop around 1.6190 and will be looking for a bounce towards 1.6330, which was Friday’s high.